HOW TO SAVE ONLINE USING PIGGYVEST

PiggyVest, formerly piggybank.ng, is an online platform that assists people in saving money in order to achieve their goals. The platform also allows users to invest their money in a variety of ventures and receive up to a 25% return on their investment in as short as 8 months or longer. Saving money might earn you up to 13% interest. They are usually considered to be the largest online savings and investment platform.

There are a variety of strategies to save money. You have the option of saving as an individual or as a group. You can save money with a friend, your husband or wife, or anyone else. In Nigeria, the website and app are extremely popular. When you save all of the little money you waste every day, week, or month, it adds up to a large sum. Read Importance of savings

Piggyvest is a service that allows Nigerian debit card users to save small sums of money frequently and with little effort. They automate the process of saving small amounts on a daily, weekly, or monthly basis and then allowing you to withdraw for free on just defined withdrawal dates, allowing you to save more by removing the temptation to spend.

Piggyvest is a financial management tool that makes it simple for individuals and organizations to save and invest.

This is how PiggyVest works; You have a financial objective that you wish to achieve. It might be for anything, including starting a business or paying rent. Maybe all you want to do is save a million naira, ten million naira, or even a million naira. You sign up for a PiggyVest account and begin saving. They will offer you up to 13% interest on your money. You can save on a daily, weekly, monthly, or annual basis.

You have the option of saving automatically. You could, for example, decide to set aside 10 to 20,000  naira or more per day. Set the amount you want to save, and it will be withdrawn from your account automatically every day.

You can also choose to save on a weekly basis. For example, suppose you set up 1,000 to 50,000 naira every week or more. You can even set it up so that the money is automatically withdrawn from your bank account every week. The same is true if you want to save money on a monthly basis.

There is also an option if you wish to save whenever you choose rather than having money automatically withdrawn from your bank account. QuickSave is the name of the program. When you want to save, you decide. Simply open the app or go to the website, log in, and save. You can save in whatever way you choose.

PiggyVest, offers three different ways to save:

• The Piggybank Wallet is a simple savings strategy that allows you to withdraw money from your bank account at regular intervals. You can only withdraw money once every three months with this arrangement. You can set up automatic deposits so that you don’t have to worry about manually transferring funds when the time arrives. This plan is ideal for folks who just want a place to put money aside for the purpose of saving.
• Target Savings is for those who want to save for a specific goal. It might be used to pay for your rent, a car, tuition, or any other endeavor. You could even do a go-find-me style with this idea by inviting friends and loved ones to participate in. As the name implies, this plan is for specific initiatives, and funding will be distributed only when the time is right.
• SafeLock is a longer-term strategy than the previous two. This strategy is for those who want to put money aside for a long time. This plan offers higher interest rates, so the longer it sits in the safe, the more money it earns.

PiggyVest also features a new Flex Dollar plan; this plan is for people who want to save and invest money. It provides a 7% annual interest rate and allows you the immediate purchase of Dollars with Naira.

It is completely free to make a deposit into your PiggyVest account. If you forget to make a planned deposit, you may always use the QuickSave feature, which lets you to make a single deposit of up to N500,000. The daily deposit ranges from N50 to N25,000. Weekly wages range from N1,000 to N100,000. The monthly deposit amount ranges from N3,000 to N500,000.

Users who sign up for PiggyVest’s SafeLock plan, on the other hand, get a 13 percent discount. Piggybank and Target Savings account holders earn 10% interest.

PiggyVest users can pay 13 percent interest upfront for the SafeLock plan, which is accessible at any time. PiggyVest also provides a Flex sub-account where users can earn interest and withdraw funds whenever they wish.

Withdrawals are free as long as they are made on the dates you choose. PiggyVest also allows you to use its own set of regular withdrawal dates (March 31st, June 30th, September 30th and December 31st). Withdrawals made outside of specified dates are subject to a penalty of 5% of the amount removed.